What are the differences between a Backing Bean and Managed Bean?

Backing Beans	Managed Beans
A backing bean is any bean that is referenced by a form.	A managed bean is a backing bean that has been registered with JSF (in faces-config.xml) and it automatically created (and optionally initialized) by JSF when it is needed.
	The advantage of managed beans is that the JSF framework will automatically create these beans, optionally initialize them with parameters you specify in faces-config.xml,
Backing Beans should be defined only in the request scope	The managed beans that are created by JSF can be stored within the request, session, or application scopes